447 Luna Tower partners with leading banks

Thursday, 8 February 2018 00:00 - - {{hitsCtrl.values.hits}}

The developer of luxury condominium – ‘447 Luna Tower’ – Union Place Apartments Ltd., a member of Belluna Co. Ltd, Japan, in alliance with Asia Capital PLC, partners with leading banks to offer buyers special rates.

Commenting on the partnership, Asia Capital PLC Senior Manager – Projects Eraj Rajapakse stated, “Asia Capital’s expansion into real estate development seemed a natural progression, considering the economic landscape and the apparent boom in the mid to luxury apartment market. We are delighted to have partnered with four leading banks to offer customers special rates and a far less immediate financial burden to bear. The facility which offers affordable, staggered payments, along with a large component of the cost only being paid at point of completion provides customers with the financial relief to fulfil their dream of owning an apartment in the heart of Colombo, without the financial hassle of a large down payment, currently negotiations are underway to partner with several other leading banks as well.

447 Luna Tower offers payment schemes and provides other support services such as facilitating bank loans, special interest rates and assistance with legal processes. The confidence of the banking community in the project is an important consideration to many prospective buyers; partner banks currently include National Development Bank (NDB), Nations Trust Bank (NTB), Seylan Bank and Hatton National Bank (HNB).”

The project, which is scheduled to be completed in 2020, is poised to be the only condominium in the heart of the city to strike a perfect balance of elegant design, luxury living and convenience of location at a competitive price.

447 Luna Tower offers 2 bedroom apartments starting from Rs. 39 million, 3 bedroom apartments starting from Rs. 68.5 million and 4 bedroom apartments starting from Rs. 118.5 million.

With construction well underway and on schedule, the project is near completion of level 6. 447 Luna Tower will upon completion comprise of 190 luxury apartments spanning 44 floors, offering lavish amenities that will enhance the lifestyle of the discerning urbanite.

This is the first of many projects to be undertaken through the Asia Capital and Belluna alliance. Other projects include an ultra-luxurious 55 villa resort in Galle, with construction scheduled to be completed in April 2018; a 308-room city hotel on Marine Drive in Colombo 3; as well as their first resort endeavour with Marriott International to debut the Westin brand in Maldives – ‘Westin Maldives Miriandhoo Resort’, entailing a 70 room property. A further multi-development project in Colombo is in the planning stages. Belluna Co. Ltd., Japan’s long term plans with Asia Capital PLC reiterates the company’s confidence in Sri Lanka’s growing real estate industry.